Warren Buffet Sells Oil Holdings

Yesterday Berkshire Hathaway, the investment company run by Warren Buffett and Charlie Munger, filed its regulatory papers disclosing its equity holdings.

Due to Mr Buffett’s reputation as the World’s greatest investor, these filings are keenly watched as even small changes may hint at his strategy and thinking.

Berkshire mainly sold its oil-related holdings, reducing its ownership of ExxonMobil by 67% and also cutting ConocoPhillips by 34%. Warren Buffett usually only sells if he sees larger value elsewhere so it is also interesting to look at his purchases in the last quarter of 2009: